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Will the Arms reduction Agreement cap Uranium prices?

March 28th, 2010

I wonder if the new Arms Reduction agreement will have a short term and a long term effect…

America has 20,0000 warheads if it reduces these two several thousand then there will be plenty left to blow up everyone and at the same time create a huge uranium stockpile of high grade uranium for its reactors… Causing an over-hang in USA supplies. The question is: Will the US export some of this uranium to other countries?

Editorial
Arms Control’s New Era

Published: March 27, 2010

The negotiations took a lot longer and were more grueling than anyone expected, but the United States and Russia have finally agreed on a nuclear weapons agreement to replace the Strategic Arms Reduction Treaty. Although the deal makes only modest cuts in both countries? arsenals, President Obama deserves credit for reviving an arms control process that his predecessor disparaged as a cold-war relic. He is now leading the way on reducing the nuclear threat.

This new accord will substantially strengthen his hand to press for tighter controls on nuclear materials at a nuclear security summit meeting next month, and then for tighter penalties on nuclear scofflaws like Iran and North Korea at a Nonproliferation Treaty review conference in May.
Mr. Obama cannot rest there. We hope he quickly sends his negotiators back to the table to get going with Russia on a follow-on deal that would make even deeper reductions in deployed weapons and, for the first time, in both the number of stored warheads and tactical nuclear weapons ? the thousands of smaller bombs that are frighteningly vulnerable to covert sale or theft. That is expected to take years to thrash out, rather than the months this latest agreement took.

The United States and Russia cannot credibly argue for restraining other countries? nuclear programs if they are not moving ahead on reducing their own combined total of some 20,000 nuclear weapons.
The broad outlines of the agreement ? to be signed by Mr. Obama and President Dmitri Medvedev in Prague on April 8 ? are encouraging. It calls for both countries to reduce their deployed strategic warheads from the current ceiling of 2,200 to 1,550 within seven years after the treaty enters into force. Delivery vehicles ? missiles, bombers and submarines ? would be cut from 1,600 each to 800.

We, like others, are keen to see the details, which may not be available for a while as negotiators complete technical annexes. That work must not be allowed to drag out. It will only encourage doubts about what was agreed to in the main treaty text and postpone putting the deal before the Senate for ratification.
Three previous arms control treaties ? Start I (1992), Start II (1996) and the Moscow Treaty (2003) ? were ratified with substantial bipartisan support. (Start I expired in December. Start II never took effect because Russia withdrew after the Bush administration abrogated the ABM Treaty in 2002 to pursue missile defense. The Moscow Treaty set the current ceiling of 2,200 deployed warheads.)

Winning approval of this new deal in Washington?s nasty political climate, when Republicans are refusing to cooperate on much of anything, is less certain. Ratification requires a two-thirds vote in the Senate.
The administration must convince senators that the verification regime is credible and that the text does not limit America?s ability to pursue missile defense. Administration officials are confident they can win both arguments, but President Obama must be prepared to make the case himself.

Cudeco: CDU have they discovered a new Uranium province?

March 27th, 2010

Cudeco Limited (CDU) said that first pass shallow RC drilling at its Wilgar Prospect, located in the Rocklands Copper Project in Central Queensland, had shown ‘exceptional results’ from high grade rare elements, uranium and molybdenum. The company said Wilgar has long been flagged as holding potential importance, due to high grade near-surface gold assay results. Meanwhile, the area immediately surrounding Wilgar has become the subject of renewed interest and detailed geological investigation.
Wilgar Results

Silver (Ag) 4,030ppm (4.03kg/t)
Gold (Au) 12.6ppm (12.6g/t)
Molybdenum (Mo) 31,800ppm (3.18%)
Tellurium (Te) 2,640ppm (0.26%)
Uranium (U) 2,280ppm (2.3kg/t)
Selenium (Se) 9,780ppm (0.98%)

LMRC754 intersected;

Silver Intersection
Intersected 10m @ 457 g/t Ag from 44m – 54m (hole ended in mineralisation at 54m)
Including 2m @ 3260 g/t Ag from 52m – 54m
Including 1m @ 4030 g/t Ag from 52m – 53m

Gold Intersection
Intersected 10m @ 1.49 g/t Au from 44m – 54m (hole ended in mineralisation at 54m)
Including 2m @ 7.14 g/t Au from 52m – 54m
Including 1m @ 12.6g/t Au from 52m – 53m

Molybdenum Intersection
Intersected 2m @ 1.76% Mo from 52m – 54m (hole ended in mineralisation at 54m)
Including 1m @ 3.18% Mo from 52m – 53m

Uranium Intersection
Intersected 2m @ 1305ppm U from 52m – 54m (hole ended in mineralisation at 54m)
Including 1m @ 2290ppm U from 52m – 53m

Selenium Intersection
Intersected 2m @ 5415ppm Se from 52m – 54m (hole ended in mineralisation at 54m)
Including 1m @ 9780ppm Se from 52m – 53m

Tellurium Intersection
Intersected 2m @ 1500ppm Te from 52m – 54m (hole ended in mineralisation at 54m)
Including 1m @ 2640ppm Te from 52m – 53m

The image below shows the Wilgar deposit directly below the 8 circled in black… note the much greater anomaly in the left bottom corner.

xstrata-fly-over-cdu-uranium-1kmx1km-province

Obabma to rcycle thousands of warheads?

March 2nd, 2010

Obama mulls new nuclear weapons strategy

US President Barack Obama is making final decisions on a broad new nuclear strategy for the US that will permanently reduce the US nuclear arsenal by thousands of weapons, The New York Times reported.

But citing unnamed senior presidential aides, the newspaper said the administration had rejected proposals that the US declare it would never be the first to use nuclear weapons.

Mr Obama’s new strategy – which would cancel or reverse several initiatives undertaken by the administration of former president George W Bush – will be contained in a nearly completed document called the Nuclear Posture Review, the report said.

Aides said Secretary of Defense Robert Gates will present Mr Obama with several options.

Mr Obama’s critics argue that his embrace of a new movement to eliminate nuclear weapons around the world is naive and dangerous, especially at a time of new nuclear threats, particularly from Iran and North Korea, the paper said.

But many of his supporters fear that over the past year he has moved too cautiously, and worry that he will retain the existing US policy by leaving open the possibility that the US might use nuclear weapons in response to a biological or chemical attack, perhaps against a nation that does not possess a nuclear arsenal, the paper noted.

That is one of the central debates Obama must resolve in the next few weeks, according to his aides.

Many elements of the new strategy have already been completed. As described by senior administration and military officials, the strategy commits the US to developing no new nuclear weapons, including the nuclear bunker-busters advocated by the Bush administration, The Times said.

Mr Obama has already announced that he will spend billions of dollars more on updating America’s weapons laboratories to assure the reliability of what he intends to be a much smaller arsenal, the paper recalled.